Along with the above factors, the state in which you need to hire can also affect the average bookkeeper salary. Looking at the Occupational Employment Statistics from the U.
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Get to Know the Basics of Bookkeeping The hardest part is getting started. Download Guide. United States change. Employer The Home Depot Inc. Abc Corp. Intuit Inc. Cumberland Farms, Inc. See All Employers Don't see what you are looking for? New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education.
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Based on 1, responses, the job of Bookkeeper has received a job satisfaction rating of 4. On average, Bookkeepers are highly satisfied with their job. Gender Breakdown Female.
Bookkeepers work in a variety of industries, which allows graduates a certain amount of choice when it comes to work environment. Bookkeeper salaries also vary depending on industry. The table below details the top industries for bookkeepers and the annual mean wage for each industry. While the national demand for bookkeepers is projected to decline between and , there is short-term growth in certain states that points toward an upward trend.
Between and , Arizona will see an encouraging 4. States and territories expecting a slight decline in the short term include Delaware, Puerto Rico, and Connecticut. While national demand for bookkeepers is expected to decline between and , many states expect to see solid growth in the field. Arizona expects 7. Many states expect to see an increase in jobs for bookkeepers between and Only a federal license is required.
As a financial auditor , you may work as an "external" or "internal" auditor. If you are an external auditor, you will most likely have a job at a public accounting firm, and you will need to have a CPA license, plus a college degree, and often a master's degree. An internal auditor—one who will work as part of a small company, keeping its books and financial operations—won't usually need a CPA license, and with experience and solid skillset, may only need a bachelor's degree in finance or accounting, or business.
Forensic accounting is a highly specialized field of accounting. A forensic accountant's job is to investigate, audit, and prove the accuracy of financial documents and dealings. These accounting detectives' work often centers around legal issues. There are opportunities for forensic accountants in many industries, like nonprofit work, government and law-enforcement agencies, law firms, and large corporations. To become a forensic accountant , you must usually have a CPA certification, plus earn a certified fraud examiner exam, which covers the legal side of fraud, criminology, and ethics, investigation techniques, and how to go through financial transactions.
In addition, you must be a member of the Association of Certified Fraud Examiners. In most cases, employers want to hire someone with a bachelor's degree, and a master's degree may help boost your earnings.
Accountants and bookkeepers work with numbers and financial data all day long. As a bookkeeper, your attention to detail must be almost preternatural. Careless mistakes that seem inconsequential at the time can lead to bigger, costlier, more time-consuming problems down the road. You must be able to multitask. Rarely does a bookkeeper work on one big project for an eight-hour shift; instead, a typical workday involves juggling five or six smaller jobs.
As an accountant, you must pay attention to figures and financial details, but it is more essential to possess sharp logic skills and big-picture problem-solving abilities. While bookkeepers make sure the small pieces fit correctly into place, accountants use those small pieces to draw much more significant and broader conclusions about a company's finances. Both careers, accounting in particular, cover a broad gamut of starting salaries. How much you make as a first-year accountant depends mainly on the specific career path you pursue.
While accounting can be a lucrative long-term career, most accountants, unlike corporate attorneys or investment bankers, do not command huge salaries during the first few years. Public accounting generally pays the most to a candidate right out of school. While the companies do not publish salaries on their websites, the benefits can be a large draw.
For example, KPMG offers employees up to 25 days of paid vacation time, telecommuting opportunities, and a robust health insurance package. If you choose to work for a company internally instead of public accounting, the starting salary range is very broad. In most cases, private companies do not pay more than the Big Four for young accountants with little experience.
Bookkeepers often get paid hourly wages rather than annual salaries. The advantage of hourly pay is you receive 1. In bookkeeping, extra hours are typical during the busy tax season of January to mid-April. Unlike careers such as law and medicine, in which state licensing boards determine how much education you need, with accounting and bookkeeping, the companies doing the hiring decide what to require of candidates. There are critical differences in job growth and salaries between the two.
Growth for accountants and auditors is expected to continue for the next several years. The BLS notes that job growth for accountants should track fairly closely with the broader economy. However, bookkeepers will face pressure from automation and technology that will reduce the demand for such workers.
For a long-term career, accounting offers much more upward mobility and income potential. The education required to be competitive in the field is greater, but the payoff down the road can be considerably higher. Bookkeeping is a great starting point if you are interested in the field but not fully committed and want to test the waters.
You may also be an ideal bookkeeping candidate if you want a good job with a respectable wage and decent security but may not be looking for a long-term career.
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